At a meeting on Tuesday, the Administration Board of the National Bank of Romania (BNR) decided to keep unchanged the monetary policy rate at 1.75 percent per annum, according to a BNR press statement.
The board also agreed to pursue adequate liquidity management in the banking system; and to narrow the symmetrical corridor of interest rates on the BNR's standing facilities around the policy rate to ±1.25 percentage points from ±1.50 percentage points.
'Thus, starting 4 October 2017, the deposit facility rate rises to 0.50 percent per annum, while the interest rate on the BNR's lending facility is lowered to an annual 3.00 percent,' according to BNR.